LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwired - April 28, 2016) - European private equity firm Cinven and Canada Pension Plan Investment Board ('CPPIB') today announced an agreement to acquire Hotelbeds Group ('Hotelbeds' or the 'Company'), the global provider of travel services based in Spain, from Tui Group for a total enterprise value of EUR1.165 billion.